The first Station Casinos property, Palace Station, is located in Las Vegas and originally opened as The Casino on July 1, 1976, which is considered the company's founding date. ( Nasdaq: RRR) is a publicly traded holding company that owns a portion of Station Casinos. Station Casinos has also branched out into managing casinos that they do not own. There are only a limited number of such sites available in the Las Vegas area. The company purchased several sites that were gaming-entitled, meaning that major casinos can be built at that location without additional approvals.

Station Casinos, along with Affinity Gaming, Boyd Gaming and Golden Entertainment, dominate the locals casino market in Las Vegas. Its holdings include 71 acres at Durango Drive and the 215 Beltway in the southwest valley, where the company plans to break ground on a $750 million resort early next year.Station Casinos, LLC is an American hotel and casino company based in Las Vegas suburb of Summerlin South, Nevada, and founded by Frank Fertitta Jr. Unlike other casino operators in the Las Vegas area, Station owns big tracts of real estate scattered around the region that are essentially in storage for future resort projects. Station did not respond to requests for comment Wednesday. Reno city records indicate that a 900-room hotel-casino was approved for the site in late 2006 but that the approvals have since expired. The Las Vegas-based casino company has also said in securities filings that it owns around 89 acres at the intersection of Mount Rose Highway and South Virginia Street in Reno, describing the tract as “land held for sale.” Its news release did not name the seller, but Washoe County property records and Nevada business-entity filings indicate it was Station. Panattoni acquired the land for $32.6 million, brokerage Colliers International announced this week.Ĭolliers said it represented the buyer. Project planning is still underway but could include a mix of industrial, multi-family, office, hospitality and retail development, according to Roberts, a prominent developer in Las Vegas Valley real estate circles.Ĭonstruction is not expected to start until the first quarter of next year, he said.

partner Doug Roberts, who oversees its projects in Nevada, confirmed in a statement Wednesday that the firm purchased about 88.7 acres of land at the southwest corner of Mount Rose Highway and South Virginia Street, in south Reno. (Benjamin Hager/Las Vegas Review-Journal) Casinos has sold nearly 90 acres in Reno to a warehouse developer, records indicate, as the locals-focused resort chain sheds a chunk of its extensive land holdings. The downtown Reno skyline on Tuesday, Jan.

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